The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
Gold markets were steady on Monday as it was Martin Luther King Jr. Day in the United States, which wiped out quite a bit of the liquidity.
The Ethereum market initially tried to rally on Monday, but then ended up falling back towards the 200-day EMA yet again.
The GBP/USD pair came under pressure as investors prepared for the upcoming economic numbers from the UK.
The BTC/USD pair remained under pressure even as the closely watched North American Bitcoin Conference kicked off in Miami.
The AUD/USD pair declined on Monday and Tuesday morning as concerns about the Omicron variant pushed the US dollar higher.
There is no doubt that the recent selling of the US dollar was a strong catalyst for the gold market in achieving its recent gains
The performance of the GBP/USD currency pair remained distinct last week, as the strong bullish momentum continued
For eight trading sessions in a row, the price of the US dollar against the Japanese yen (USD/JPY) currency pair moved with downward momentum in light of profit-taking operations.
The EUR/USD exchange rate fell lower in the last session of last week's trading, but its three-day rally earlier painted a more positive picture on the EUR charts.
MATIC/USD is approaching intriguing resistance levels as it comes within sight of its higher technical range which was established in late December.
ADA/USD has seen a significant amount of buying this weekend and has broken through short-term resistance levels, Cardano is within sight of one-month highs.
The Australian dollar has been weak since markets opened this week.
The West Texas Intermediate Crude Oil market rallied yet again on Friday to gain 2.2%.
The euro initially tried to rally on Friday but ran into resistance at the same spot that we did during the Thursday session that ended up forming a shooting star.
The British pound initially tried to rally on Friday but gave back gains right around the same area where we had pulled back during the Thursday session.